Oracle CEO Ellison: Open source software is no threat

Submitted by Ty on August 15, 2007 - 10:00am

Oracle founder and CEO Larry Ellison, on his first visit Israel last weekend, told TheMarker that collaborative open source software is nothing to be feared, and mocked the "Google-envy" he said Microsoft was suffering.

"I gained a very clear understanding of the tremendous challenges that the country faces every day," he said at an event hosted Saturday night by TheMarker, the American Embassy and Oracle Israel. The captains of Israeli business attended, eager to rub shoulders with the entrepreneur who started with $1,200 and built a global company with 75,000 employees.